If Society Decides It Wants More of One Good and All

question 34

Multiple Choice

If society decides it wants more of one good and all resources are fully utilised, then:

• A)it is unable to do this unless technology advances.
• B)additional resource supplies will have to be found.
• C)it has to give up some of another good and incur some opportunity costs.
• D)more unemployment will occur.

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Definitions:

Product Available

The state of having goods or services ready for sale or distribution to consumers.

Marketing Plan

A comprehensive document that outlines a company's advertising and marketing efforts for the coming period, detailing strategies to reach target markets.

Specific Activities

Particular tasks or operations that are designed to achieve certain objectives within a project or process.

Audience

A group of individuals who participate in a shared experience or are the intended recipients of a message or performance.